Phased opportunity for stocks in tungsten industry

With the callback of metal price and economic downturn in China, America and Europe, the potential to rise in metal price still exists, and it needs waiting to see. Profit opportunity comes from new materials and some individual shares, especially tungsten. Two factor driving the moderately increase in tungsten price, that is: Merchants have become reluctant to sell due to the State Reserve Bureau purchasing news, the downstream customers maintained low inventory in early stock and has been buying again. Tungsten concentrate is expected to moderately increase to RMB 140,000 per ton from RMB 120,000 per ton and maintain for several months. However, if the economy doesn’t get any better, it will fall in the future. Thus, there may exist a phased opportunity for stocks in tungsten industry.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

 

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